FLTB vs. FLRT
Compare and contrast key facts about Fidelity Limited Term Bond ETF (FLTB) and Pacific Global Senior Loan ETF (FLRT).
FLTB and FLRT are both exchange-traded funds (ETFs), meaning they are traded on stock exchanges and can be bought and sold throughout the day. FLTB is an actively managed fund by Fidelity. It was launched on Oct 6, 2014. FLRT is an actively managed fund by Pacific Life. It was launched on Feb 19, 2015.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: FLTB or FLRT.
Key characteristics
| FLTB | FLRT | |
|---|---|---|
| YTD Return | 4.87% | 8.06% |
| 1Y Return | 8.33% | 11.44% |
| 3Y Return (Ann) | 1.51% | 6.53% |
| 5Y Return (Ann) | 1.84% | 5.38% |
| Sharpe Ratio | 3.35 | 8.12 |
| Sortino Ratio | 5.58 | 14.15 |
| Omega Ratio | 1.71 | 4.03 |
| Calmar Ratio | 1.77 | 22.16 |
| Martin Ratio | 20.88 | 110.21 |
| Ulcer Index | 0.40% | 0.10% |
| Daily Std Dev | 2.50% | 1.42% |
| Max Drawdown | -9.37% | -20.96% |
| Current Drawdown | -0.74% | 0.00% |
Correlation
The correlation between FLTB and FLRT is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
FLTB vs. FLRT - Performance Comparison
In the year-to-date period, FLTB achieves a 4.87% return, which is significantly lower than FLRT's 8.06% return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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FLTB vs. FLRT - Expense Ratio Comparison
FLTB has a 0.36% expense ratio, which is lower than FLRT's 0.69% expense ratio.
Risk-Adjusted Performance
FLTB vs. FLRT - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Fidelity Limited Term Bond ETF (FLTB) and Pacific Global Senior Loan ETF (FLRT). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Dividends
FLTB vs. FLRT - Dividend Comparison
FLTB's dividend yield for the trailing twelve months is around 3.95%, less than FLRT's 8.26% yield.
| TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
FLTB Fidelity Limited Term Bond ETF | 3.95% | 3.20% | 1.63% | 0.89% | 1.56% | 2.67% | 2.50% | 1.78% | 1.59% | 1.63% | 0.35% |
FLRT Pacific Global Senior Loan ETF | 8.26% | 8.42% | 5.81% | 3.16% | 3.51% | 4.31% | 3.95% | 3.20% | 3.38% | 3.21% | 0.00% |
Drawdowns
FLTB vs. FLRT - Drawdown Comparison
The maximum FLTB drawdown since its inception was -9.37%, smaller than the maximum FLRT drawdown of -20.96%. Use the drawdown chart below to compare losses from any high point for FLTB and FLRT. For additional features, visit the drawdowns tool.
Volatility
FLTB vs. FLRT - Volatility Comparison
Fidelity Limited Term Bond ETF (FLTB) has a higher volatility of 0.43% compared to Pacific Global Senior Loan ETF (FLRT) at 0.21%. This indicates that FLTB's price experiences larger fluctuations and is considered to be riskier than FLRT based on this measure. The chart below showcases a comparison of their rolling one-month volatility.